Surging stock market, Trump policies boost wealth for top 1%

By: Tim Henderson

Outlets: Stateline

Published: June 16, 2026

Words: 1,585

Last Updated: 3 weeks, 2 days ago

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When SpaceX, Elon Musk’s rocket and artificial intelligence company, began trading on the stock market last week, he became the world’s first trillionaire.

The SpaceX IPO made the world’s richest man even richer, grabbing headlines worldwide. But it is merely the most vivid illustration of a U.S. trend that has been accelerating since 2022.

The richest 1% of Americans held nearly a third of the country’s total wealth at the end of 2025, the largest …

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